XML 44 R30.htm IDEA: XBRL DOCUMENT
v3.19.1

OPERATING SEGMENT DATA (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2019
OPERATING SEGMENT DATA |
Schedule of reportable operating segment information |
|  | Three Months Ended |
|  | March 31 |
|  | 2019 |  | 2018 |
|  | (in thousands) |
REVENUES |  |  |  |  |  |  |
Asset-Based |  | $ | 506,079 |  | $ | 482,115 |
ArcBest |  |  | 173,204 |  |  | 181,933 |
FleetNet |  |  | 53,259 |  |  | 47,759 |
Other and eliminations |  |  | (20,703) |  |  | (11,806) |
Total consolidated revenues |  | $ | 711,839 |  | $ | 700,001 |
OPERATING EXPENSES |  |  |  |  |  |  |
Asset-Based |  |  |  |  |  |  |
Salaries, wages, and benefits |  | $ | 280,276 |  | $ | 269,779 |
Fuel, supplies, and expenses |  |  | 64,727 |  |  | 62,193 |
Operating taxes and licenses |  |  | 12,398 |  |  | 11,756 |
Insurance |  |  | 7,991 |  |  | 6,628 |
Communications and utilities |  |  | 4,620 |  |  | 4,521 |
Depreciation and amortization |  |  | 20,980 |  |  | 20,930 |
Rents and purchased transportation |  |  | 49,912 |  |  | 46,133 |
Shared services |  |  | 50,712 |  |  | 45,607 |
Gain on sale of property and equipment |  |  | (34) |  |  | (133) |
Other |  |  | 882 |  |  | 1,299 |
Total Asset-Based |  |  | 492,464 |  |  | 468,713 |
ArcBest |  |  |  |  |  |  |
Purchased transportation |  |  | 140,105 |  |  | 148,372 |
Supplies and expenses |  |  | 2,774 |  |  | 3,230 |
Depreciation and amortization |  |  | 3,151 |  |  | 3,408 |
Shared services |  |  | 23,031 |  |  | 21,868 |
Other |  |  | 2,413 |  |  | 1,881 |
Restructuring costs(1) |  |  | — |  |  | 9 |
Total ArcBest |  |  | 171,474 |  |  | 178,768 |
FleetNet |  |  | 51,771 |  |  | 46,238 |
Other and eliminations |  |  | (12,461) |  |  | (6,443) |
Total consolidated operating expenses |  | $ | 703,248 |  | $ | 687,276 |
| (1) |  | Restructuring costs relate to the realignment of the Company’s corporate structure as further described in Note N to the consolidated financial statements in Item 8 of the Company’s 2018 Annual Report on Form 10-K.
|  | Three Months Ended |
|  | March 31 |
|  | 2019 |  | 2018 |
|  | (in thousands) |
OPERATING INCOME |  |  |  |  |  |  |
Asset-Based |  | $ | 13,615 |  | $ | 13,402 |
ArcBest |  |  | 1,730 |  |  | 3,165 |
FleetNet |  |  | 1,488 |  |  | 1,521 |
Other and eliminations |  |  | (8,242) |  |  | (5,363) |
Total consolidated operating income |  | $ | 8,591 |  | $ | 12,725 |
OTHER INCOME (COSTS) |  |  |  |  |  |  |
Interest and dividend income |  | $ | 1,478 |  | $ | 526 |
Interest and other related financing costs |  |  | (2,882) |  |  | (2,059) |
Other, net(1) |  |  | (591) |  |  | (2,201) |
Total other income (costs) |  |  | (1,995) |  |  | (3,734) |
INCOME BEFORE INCOME TAXES |  | $ | 6,596 |  | $ | 8,991 |
| (1) |  | Includes the components of net periodic benefit cost other than service cost related to the Company’s nonunion pension, SBP, and postretirement plans (see Note G) and proceeds and changes in cash surrender value of life insurance policies.
The following table presents operating expenses by category on a consolidated basis:
|  | Three Months Ended |
|  | March 31 |
|  | 2019 |  | 2018 |
|  | (in thousands) |
OPERATING EXPENSES |  |  |  |  |  |  |
Salaries, wages, and benefits |  | $ | 343,668 |  | $ | 328,757 |
Rents, purchased transportation, and other costs of services |  |  | 221,025 |  |  | 223,756 |
Fuel, supplies, and expenses |  |  | 79,336 |  |  | 78,646 |
Depreciation and amortization(1) |  |  | 26,537 |  |  | 26,486 |
Other |  |  | 32,682 |  |  | 29,255 |
Restructuring costs(2) |  |  | — |  |  | 376 |
|  | $ | 703,248 |  | $ | 687,276 |
| (1) |  | Includes amortization of intangible assets.
| (2) |  | Restructuring costs relate to the realignment of the Company’s corporate structure as further described in Note N to the consolidated financial statements in Item 8 of the Company’s 2018 Annual Report on Form 10-K.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration